Blank-Check Bailout for Fannie and Freddie Means Taxpayers Get a Lump of Coal from Obama"From Daniel J. Mitchell:"Even though politicians already have flushed $400 billion down the rathole, the Obama Administration has announced that it will now give unlimited amounts of our money to prop up Fannie Mae and Freddie Mac, the two government-createdDemocrat retained mortgage companies." ##

The Secret Reason We Eliminated The Bailout Caps On Fannie And Freddie -Joe Weisenthal:"The above actions would preserve and strengthen the government’s involvement and control over the country’s housing finance system and make it harder to reintroduce substantial private sector involvement later on. They would also continue distortions in the marketplace leading to who knows what unintended consequences. Finally these steps would do nothing to deleverage the housing finance system, a key step in returning it to any degree of normality." read.

Fannie and Freddie CEOs to get up to $6M in pay...Pay packages were approved by the Treasury Department and the Federal Housing Finance Agency, which regulates Fannie and Freddie.. The two chief executives of Fannie Mae and Freddie Mac could get paid as much as $6 million each for 2009, despite the companies’ dismal performance this year.... Dem Majority's Campaign Contributors... have already cost taxpayers over $111 billion for the pair.

War News Updates

Defense Industry Daily

Military Strategy

US Nuke Energy

OneWrldNuclCtrl

Quick Video News

MATT

student freedom center

AlexisDeTocqueville..
"Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude."